Dogecoin (CRYPTO: DOGE) was trading in the red on Friday morning as the meme coin retraced slightly after enjoying three consecutive days of gains since May 20.

Dogecoin（Crypto：Doge）在星期五早上在紅色上進行交易，因為自5月20日以來，Meme Coin連續三天享受了三天的收益。

What Happened: Dog-themed cryptocurrency Dogecoin was trading at $0.227, in the last 24 hours. The cryptocurrency saw its trading volume slip by 1.84% to $3.36 billion in the same period, according to CoinMarketCap.

發生的事情：以狗為主題的加密貨幣Dogecoin在過去24小時內的交易價格為0.227美元。根據CoinMarketCap的數據，同期，加密貨幣的交易量滑倒在同一時期的33.6億美元。

Dogecoin had been experiencing bullish momentum this week, especially as the price of Bitcoin (CRYPTO: BTC) surged. The rise reached $0.2544 on Friday morning, marking Dogecoin's highest level since May 12.

Dogecoin本週一直在經歷看漲的勢頭，尤其是隨著比特幣（Crypto：BTC）的價格激增。上昇在週五上午達到0.2544美元，標誌著Dogecoin自5月12日以來的最高水平。

However, as expected, selling pressure emerged, driven by profit-taking and macroeconomic factors, leading to a U-turn in the price action early Friday. Within a few hours, Dogecoin dropped to $0.227, erasing its daily gains but still showing a 3.62% increase over the week.

但是，正如預期的那樣，在獲利和宏觀經濟因素的驅動下，出現銷售壓力出現了，導致周五早些時候的價格行動掉頭。在幾個小時內，Dogecoin降至0.227美元，消除了其每日收益，但在一周中仍顯示3.62％。

The $3.36 billion in 24-hour trading volume indicates that Dogecoin continues to generate significant interest in the market. Nevertheless, the 1.84% decrease in volume suggests a slight decline in activity, which might be attributed to the crypto market's caution following the recent rally.

33.6億美元的24小時交易量表明，Dogecoin繼續對市場產生重大興趣。然而，數量減少1.84％表明活動略有下降，這可能歸因於加密貨幣市場最近的集會後的謹慎態度。

Why It Matters: Bitcoin reached new highs this week, exceeding $111,000 for the first time, and surprisingly, all of its circulating supply is currently in the green, despite the recent price action.

它的原因是：本週比特幣首次達到了新高點，儘管最近採取了價格行動，但令人驚訝的是，目前，其所有循環供應均處於綠色狀態。

According to Glassnode data, Bitcoin funding rates remain low, standing slightly below neutral at 0.0079%, which is surprising given the cryptocurrency's price rally. These rates, charged by lenders to borrowers to open leveraged positions, typically indicate strong speculative interest when they rise above neutral or, in this case, zero. However, the current rates reflect a surprising lack of speculative enthusiasm among traders.

根據玻璃節數據，比特幣融資率保持較低，略低於中立，為0.0079％，這是令人驚訝的，鑑於加密貨幣的價格集會。這些費率由貸方向借款人收取以打開槓桿頭寸的費率，通常表明當他們高於中性或在這種情況下為零時，他們的投機興趣很強。但是，目前的利率反映出交易者缺乏投機性的熱情。

Out of the top 10 cryptocurrencies, only Dogecoin and Shiba Inu (CRYPTO: SHIB) have funding rates above neutral, indicating mild speculative interest among traders who are betting on short-term price movements. The remaining major cryptocurrencies, such as Ethereum (CRYPTO: ETH) and Binance Coin (CRYPTO: BNB), have funding rates below neutral, which is in line with the broader market sentiment.

在十大加密貨幣中，只有Dogecoin和Shiba Inu（加密：SHIB）的資金率高於中性，這表明在短期價格變動的交易者中有輕微的投機興趣。剩下的主要加密貨幣，例如以太坊（Crypto：ETH）和二氧化硬幣（Crypto：BNB），其資金率低於中立，這與更廣泛的市場情緒一致。